Question

Raghu borrowed Rs. 25,000 from a bank at the rate of 12% p.a. he returned the money after 2 years. Find (a) the simple interest paid by him and
(b) the amount.
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Answer 1

Step-by-step explanation:

borrowed money= 25000

rate p.a =12%

returned money duration= 2 years

simple interest for 1 year= 12/100*25000

= 3000

simple interest for 2 year = 3000*2=6000

amount= 25000+6000= 31000